Southco Inc recently announced its procurement of Darshana Industries, Pune. This acquisition positions Southco as a leading access hardware manufacturer and supplier in this vital region, which is poised for strong business growth. Most importantly, the two businesses have common cultures of strong people-focused values and a desire for continuous improvement.
Lincoln acted as the exclusive financial advisor to Darshana, working closely with the shareholders and the management through the sale process.
Speaking at the occasion, Philip Kempson, MD – Europe & India, Southco Inc, alluded, “We are excited to welcome Darshana to the Southco family and feel privileged to continue their heritage. We are committed to successfully growing the Darshana brand in India and beyond.”
Adding to it, Nilesh Patil, Principal Shareholder & Director, Darshana, commented, “With the support of our team, Darshana has grown to become a leading player in its segment in India. We are excited at the opportunity for Darshana to enter the next phase of growth with the help of Southco’s global footprint and expertise. We appreciate Lincoln’s efforts in putting together this transaction and assisting the shareholders throughout the entire process to achieve the best possible outcome for the business and its employees.”
Further, Preet Singh, MD, Lincoln, said, “This transaction is a great testament to how niche, family-owned businesses in India continue to be very attractive for global companies. At the other end of the spectrum, such global partnerships offer a platform for the continued growth of family-owned businesses and their employees and other stakeholders. The transaction demonstrates Lincoln’s ability to effectively leverage our global network in finding a right partner and successfully executing cross-border transactions.”